A comment from the Financial Planning Association (FPA) regarding the Royal Banking Commission…
True Advice Versus 'Product Sellers'
In the wake of the Banking Royal Commission, the distinction between ‘product sellers’ and real Financial Advisors seems to have been lost on the media and legislators. With the misdeeds of a very few, an entire profession (there are 18,000 financial advisers in Australia) has been unfairly tarred with the same brush, and left to pick up the pieces…